In a report released on May 15, Darko Mihelic from RBC Capital maintained a Buy rating on Bank Of Montreal (BMO – Research Report), with a price target of C$130.00. The company’s shares closed yesterday at $94.45.
Mihelic covers the Financial sector, focusing on stocks such as Manulife Financial, Toronto Dominion Bank, and Sagicor Financial. According to TipRanks, Mihelic has an average return of 6.2% and a 58.62% success rate on recommended stocks.
Bank Of Montreal has an analyst consensus of Strong Buy, with a price target consensus of $99.45, which is a 5.29% upside from current levels. In a report released yesterday, Canaccord Genuity also maintained a Buy rating on the stock with a C$140.00 price target.
BMO market cap is currently $69.07B and has a P/E ratio of 18.18.
Based on the recent corporate insider activity of 20 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BMO in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Bank Of Montreal (BMO) Company Description:
Bank of Montreal is a Canadian multinational bank and financial services company. It provides personal and commercial banking, lending, mortgages, credit cards and investment advice services. The company also offers specialized banking programs, treasury and payment solutions, risk management products, foreign exchange and cash management solutions to small business and commercial banking customers.
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